New Jersey Real Estate Exam Practice Question
All licensees must notify the commission within how many days of being charged with a crime?
Correct Answer: B
Rationale: Licensees are required to notify the commission within 30 days of being charged with a crime to ensure timely oversight and compliance with regulatory standards. This timeframe allows the commission to assess the situation and take appropriate actions, if necessary.
Option A (15 days) is too short, potentially hindering proper investigation and response. Option C (90 days) extends the notification period beyond what is deemed necessary for effective monitoring. Option D (120 days) is excessively long, risking public trust and safety by delaying the commission's awareness of potential legal issues affecting licensees.
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